Listing courtesy of Summerland Realty Group, LLC · Listing agent: Jace Hicks
5116 E Indiana Beach Road
$649,000
$143.27 / sq ft
Monticello, IN 47960
- On Lake Shafer
- Bathrooms
- 6
- Lot
- 0.67 ac
- Year built
- 1928
- Type
- Hotel & Motel
- Listed
- June 9, 2026
- MLS #
- 202622356
About this home
5116 E Indiana Beach Road, Monticello, Indiana Exceptional Multi-Unit Investment Property Near Indiana Beach & Lake Shafer Presenting a rare opportunity to acquire a versatile hospitality and investment property in one of Monticello's most recognized recreational corridors. Located just moments from Indiana Beach, Lake Shafer, and the area's numerous boating, fishing, and entertainment attractions, this unique offering combines income-producing accommodations with comfortable owner occupancy in a highly desirable destination market. Comprised of five separate buildings, seven rental units, and a spacious main living quarters, this property provides a distinctive blend of investment potential and operational flexibility. Whether your vision includes short-term vacation rentals, extended-stay accommodations, seasonal lodging, workforce housing, or a combination of income strategies.
Property details
Interior
- Stories
- 2
- Finished area above grade
- 4,530 sq ft
- Basement
- Crawl Space, Slab, Michigan Basement
- Flooring
- Carpet, Ceramic Tile, Wood
- Heating
- Radiator
- Cooling
- Attic Fan, Wall AC
Exterior & parking
- Construction
- Block, Metal Siding, Shingle Siding
- Roof
- Metal, Shingle
- Parking
- Parking Lot, Off Street, Paved, Private
- New construction
- No
Waterfront & lake
- Waterfront
- Yes
- Body of water
- Lake Shafer
- Waterfront features
- Pier/Dock
- Water access
- Lakefront
- Lake type
- Ski Lake
- Water frontage
- 120 ft
- Channel / canal frontage
- 120 ft
- Sea wall
- Steel
- Water feature
- Lake
Lot
- Lot size (acres)
- 0.67 ac
- Lot dimensions
- 120x245
- Location type
- Commercial
- County
- White County
- Township
- Union
- Road frontage
- County Road
- Platted
- Yes
- Planned unit development
- No
- Directions
- East On Indiana Beach Rd across from the huge coaster
Taxes & terms
- Annual taxes
- $7,219
- Tax year
- 2027
- Tax abatement
- No
- Possession
- Day of closing
- Parcel number
- 91-73-16-000-014.000-020
Included in the sale
- Included in sale
- Building,Business,Furniture,Land,Lease,Inventory
Utilities
- Water
- Private
- Sewer
- Regional
- Utilities
- Electric Hook-Up, Gas Hook-Up
- Cable / internet provider
- Comcast/Xfinity
Income & commercial
- Parking spaces
- 10
- Water meters
- 2
- Ceiling height
- 10
Location
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Listing courtesy of VOGEL REAL ESTATE
